10-Unit Investment Opportunity in Mar Vista: Well-located Westside apartment asset in one of Los Angeles' most desirable rental markets. Recent System Upgrades: Plumbing and electrical systems were upgraded in 2025. Prime Westside Location: Convenient access to Marina Del Rey, Venice, Santa Monica, Culver City, and Playa Vista, providing tenants with premier dining, entertainment, beach, and lifestyle amenities. Income-Generating Amenities & ADU Potential: 7 garages and on-site laundry facility generate additional income, while the 7,753-SF lot and parking area present desirable opportunity to add ADUs (Buyer to Verify). Strong Cash Flow & Rental Upside: Offering a 5.30% current cap rate and 12.30 GRM with upside to a 7.39% pro-forma cap rate and 9.64 GRM. Attractive Unit Mix: Comprised of (3) 2-bedroom/1-bathroom units and (7) 1-bedroom/1-bathroom units, including one vacant 1-bedroom unit.Renovated Units: Select units feature hardwood floors, newer windows, quartz countertops, and modern kitchen and bathroom upgrades. Adjacent to Silicon Beach: Close proximity to Sony Pictures, Amazon Studios, Google, Meta, Apple, One Culver, Electronic Arts, Snap, Hulu, and other major Westside employers supporting strong tenant demand.
Courtesy of Shield CRE, Inc., Jonathan Nikfarjam - CA DRE#01856803
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